The Greens think the current one-year holding tax exemption for crypto is unfair and are seeking to abolish it.
The debate around taxing cryptocurrencies in Germany is heating up as Alliance90/The Greens (the Green parliamentary group in the German Bundestag) wants to ditch a tax exemption favoring cryptocurrency investments.
In Germany, cryptocurrency taxes are determined by how long an investor has held their crypto. After holding crypto for one year, private investors can realize tax-free trading profits.
The one-year period was created to incentivize long-term investments and, at the same time, increase the attractiveness of Germany as a location for crypto investors. Long-term-oriented investors are thus to be supported, while speculative short-term transactions are less favored.
